VSiN Launches as Add-On Option for YouTube TV

Leading Streaming Service Adds the Sports Betting Network to Its Sports Plus Add-On Package

LAS VEGAS, Sept. 08, 2021 (GLOBE NEWSWIRE) — VSiN, the only sports betting network dedicated to providing real-time news and analysis across every major sport, round the clock, seven days a week and a subsidiary of DraftKings Inc. (Nasdaq: DKNG), today announced a content distribution deal with YouTube TV to deliver sports betting news, analysis and insights. Beginning today, subscribers will have access to VSiN’s leading sports betting and entertainment programming as part of YouTube TV’s Sports Plus add-on package for $10.99/month.

“VSiN is incredibly excited to bring its new 24/7 fall lineup of premier sports betting analysis to YouTube TV,” said Brian Musburger, founder and Chief Executive Officer of VSiN. “As the first sports betting content provider of the streaming service, we look forward to delivering original programming from some of the biggest names in the industry to the millions of YouTube TV subscribers and the growing number of fans who wager on sports across the country.”

The VSiN channel on YouTube TV will provide subscribers of YouTube TV Sports Plus with access to more than 100 live linear hours of programming each week, driven by leading media and industry experts including morning talk personalities Mitch Moss and Pauly Howard, sports betting analytics expert, Gill Alexander, former football executive, Michael Lombardi and sportscasting legend, Brent Musburger.

“VSiN is the trusted authority in sports betting news, information, and analysis and a foundational pillar of DraftKings’ overarching media strategy,” said Brian Angiolet, Chief Media Officer at DraftKings. “YouTube TV will provide our millions of skin-in-the-game sports fans with a seamless and engaging content experience and as the convergence of betting and streaming technologies continues to expand, DraftKings will remain opportunistic in exploring additional opportunities on various platforms.”

VSiN’s sports betting content delivers the news, analysis and insights sports bettors need to make informed wagering decisions. Featuring the industry’s most knowledgeable sports betting experts and legendary book makers, VSiN informs and entertains the growing number of Americans betting on sports – whether they’re sharp bettors or brand new to the action. The unique content sets the stage for the day’s biggest sports betting events and shares expert tips and predictions across professional and college football and basketball, hockey, baseball, golf, and more.

About VSiN

VSiN, The Sports Betting Network, is the first sports media company dedicated to providing news, analysis and proprietary data to the millions of Americans who wager on sports and make sports betting a multibillion-dollar industry. Fueled by award-winning broadcasters and legendary oddsmakers, the network informs and entertains consumers with the latest sports betting news and industry trends on multiple platforms. Fans can access VSiN content on Comcast Xfinity, fuboTV, Sling TV, Rogers’ Sportsnet, NESN, MSG Networks, Marquee Sports Network, AT&T Pittsburgh, beIN SPORTS, iHeartRadio, TuneIn, terrestrial radio stations throughout the U.S., VSiN.com,VSiN.com/Podcasts and theVSiN app.

VSiN has newsroom studios in the sportsbooks at theSouth Point Hotel, Casino and Spa andCirca Resort and Casino in Las Vegas, as well as satellite studios in leading gaming properties across the country. VSiN is a subsidiary of DraftKings Inc. (DKNG).


Media Contact:

VSiN
Michelle Musburger
[email protected] 
773.230.0629

 



New Applied Materials Technologies Help Leading Silicon Carbide Chipmakers Accelerate the Transition to 200mm Wafers and Increase Chip Performance and Power Efficiency

  • Key to the world’s best electric vehicle power trains, silicon carbide chips are transitioning to larger, 200mm wafers which boost output to meet growing global demand
  • Applied’s new 200mm CMP system precisely removes silicon carbide material from wafers to help maximize chip performance, reliability and yield
  • Applied’s new “hot implant” technology for silicon carbide chips injects ions with minimum damage to crystalline structures, thereby maximizing power generation and device yield

SANTA CLARA, Calif., Sept. 08, 2021 (GLOBE NEWSWIRE) — Applied Materials, Inc. today announced new products that help enable the world’s leading silicon carbide (SiC) chipmakers transition from 150mm wafer production to 200mm production, which approximately doubles die output per wafer, to help satisfy the world’s growing demand for premium electric vehicle powertrains.

SiC power semiconductors are in high demand because they help efficiently convert battery power to torque, thereby increasing vehicle performance and range. Compared to silicon, SiC is inherently harder with natural defects that can lead to degradation of electrical performance, power efficiency, reliability and yield. Advanced materials engineering is needed to optimize raw wafers for production and build circuits with minimum damage to the crystal lattice.

“To fuel the computer revolution, chipmakers moved to ever-larger wafer sizes, dramatically increasing chip output to satisfy burgeoning global demand,” said Sundar Ramamurthy, Group Vice President and General Manager of the ICAPS group at Applied Materials. “Today we are in the early stages of another revolution that will benefit from Applied’s expertise in materials engineering at an industrial scale.”

“Electrification of the transportation industry is a rising trend, and we are accelerating this inflection point by leading the global transition from silicon to silicon carbide with our Wolfspeed technology,” said Gregg Lowe, President and CEO of Cree, Inc. “Delivering the highest-performing silicon carbide power devices on larger 200mm wafers enables us to increase end-customer value and meet growing demand.”

“Applied’s support in helping speed qualification of 200mm processes in Albany and multi-equipment installations at our Mohawk Valley Fab is expediting this transition,” Lowe added. “Moreover, new technologies being developed by Applied’s ICAPS team, such as hot implant, have broadened and deepened our technical collaboration and helped accelerate our power technology roadmap.”

New 200mm SiC CMP System

SiC wafer surface quality is critically important to SiC device fabrication as any defects on the surface of the wafer will migrate through the subsequent layers. To produce uniform wafers with the highest quality surfaces, Applied has developed the Mirra® Durum™ CMP* system which integrates polishing, measurement of material removal, cleaning and drying in a single system. The new system has demonstrated a 50X reduction in finished wafer surface roughness as compared to mechanically grinded SiC wafers and a 3X reduction in roughness compared to batch CMP processing systems.

Hot Implant Increases SiC Chip Performance and Power Efficiency

During SiC chip fabrication, ion implantation places dopants within the material to help enable and direct the flow of current within the high power producing circuits. The density and hardness of SiC material makes it extremely challenging to inject, accurately place and activate the dopants while minimizing damage to the crystal lattice which reduces performance and power efficiency. Applied has solved this challenge with its new VIISta® 900 3D hot ion implant system for 150mm and 200mm SiC wafers. The hot implant technology injects ions with minimal damage to the lattice structure, resulting in a more than 40X reduction in resistivity compared to implant at room temperature.

Applied’s ICAPS (IoT, Communications, Automotive, Power and Sensors) business is developing additional products for the SiC power chip market including in PVD*, CVD*, etch and process control. Additional details on how Applied is enabling advancements in SiC and other specialty semiconductor technologies will be discussed at the company’s 2021 ICAPS and Packaging Master Class being held today.

About Applied Materials

Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future. Learn more at www.appliedmaterials.com.

*CMP = chemical mechanical planarization. PVD = physical vapor deposition. CVD = chemical vapor deposition.

Contact:

Ricky Gradwohl (editorial/media) 408.235.4676
Michael Sullivan (financial community) 408.986.7977

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/add820f0-0e08-499b-a903-209ffaede712
https://www.globenewswire.com/NewsRoom/AttachmentNg/cdcb6c1c-55ed-4247-8b13-8ae2a397d3a6 

These photos are also available at Newscom, www.newscom.com, and via AP PhotoExpress.



HealthTech Leaders: Reliq, Teladoc, WELL Health and AI/ML Innovations; CEO’s Driving Revenue Growth Momentum & Digital Health Innovation

NEW YORK, Sept. 08, 2021 (GLOBE NEWSWIRE) — Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Reliq Health Technologies (OTC: RQHTF) (TSX.V: RHT), Teladoc Health (NYSE: TDOC), AI/ML Innovations (OTC: AIMLF) (CSE: AIML) and WELL Health Technologies (TSX: WELL) (OTC: WLYYF).

AI/ML Innovations (OTC: AIMLF) (CSE: AIML) Chairman, Tim Daniels: “Mental Health App Expands AI/ML Digital Health Ecosystem – Targeting Multi-Billion Dollar Market Opportunities”

NEXT SUPER STOCK conference presenter AI/ML Innovations (OTC: AIMLF) (CSE: AIML) is rapidly expanding its portfolio of HealthTech assets. AIMLF chairman Tim Daniels updated investors on the company’s latest digital healthcare growth initiatives, which now includes Tech2Health, a European mental health app innovator. Tech2Health is positioned for explosive revenue growth as European healthcare mandates now provide about 2,500 Euro per patient annually for mental wellness. Tech2Health has just signed with a French multinational manufacturer to provide mental wellness support to their 170,000 employees globally, and additional Enterprise contracts are in the pipeline.

Watch AI/ML Innovations (OTC: AIMLF) (CSE: AIML) NEXT SUPER STOCK Video:


https://bit.ly/3dAI6k9

AIMLF Chairman Tim Daniels shared with investors how AIMLF is expanding its global digital healthcare footprint with synergistic acquisitions of innovative HealthTech companies. Tim also updated investors on progress at AIMLF’s HealthGauge platform which uses AI and machine learning for applications ranging from remote patient monitoring, to fitness/health tracking and more. AIMLF focus is on scaling revenue growth, by offering its services to enterprise and consumers via a SaaS recurring revenue subscription model. Tim Daniels also updated investors on AIML’s growing pipeline of M&A opportunities in the HealthTech space, which could have a positive impact on maximizing shareholder value in coming months.

Watch AI/ML Innovations (OTC: AIMLF) (CSE: AIML) NEXT SUPER STOCK Video:


https://bit.ly/3dAI6k9

Teladoc Health (NYSE: TDOC) CEO Jason Gorevic: “Teladoc is Leading Digital Transformation of Healthcare”

“…Strong momentum across our channels and geographies gives us the confidence and visibility to increase our full year revenue guidance to $2.0 billion to $2.025 billion… Teladoc’s aim is to provide whole-person virtual care. And during the second quarter, we continued to demonstrate progress on achieving our goal of completely reimagining the health care experience… The number of members enrolled in the Livongo suite of products grew 45% year-over-year to 715,000. Rather than focus on one particular disease, our approach is to treat the whole person in an integrated manner, which is important given that over 40% of adults in the U.S. are living with multiple chronic conditions.”

“…As a result of this approach, we continue to drive significant growth in multi-program enrollment. Over 20% of our chronic care members are now enrolled in more than one program, up from 6% in the second quarter of last year. The growth in chronic care members, combined with the greater number of individuals enrolled in multiple programs, such as members enrolled in both our diabetes and hypertension programs, resulted in a 60% year-over-year increase in the total number of chronic programs in which our members are enrolled…Most importantly, our services are driving better outcomes. For example, in a recent survey of over 2,000 consumers of our virtual mental health services, more than 90% of those who sought care experienced improvement, with nearly 40% experiencing a significant breakthrough during treatment…”

Teladoc Health (NYSE: TDOC) Earnings Call Highlights Available at: https://bit.ly/3zdanWH

Reliq Health Technologies (OTC: RQHTF) (TSX.V: RHT) CEO Lisa Crossley: “2021 is Breakout Year for Reliq Telehealth Platform”

Reliq Health Technologies (OTC:RQHTF) is now at an inflection point for explosive revenue growth and profitability shared CEO Lisa Crossley during a recent presentation at Wall Street Reporter’s NEXT SUPER STOCK livestream. RQHTF’s iUGO telehealth remote patient monitoring platform has gained significant traction over the past 6 months, and now has 200,000 patients under contract to be onboarded over the next 18-24 months – which represents over $120 Million in recurring annual revenue at full deployment.

Watch
Reliq Health Tech (OTC:RQHTF) (TSX.V:RHT)
NEXT SUPER STOCK Video:


https://bit.ly/3BcFkLi

RQHTF has just turned the corner to profitability and revenues are expected to reach $2 million per month revenues, hitting a $24 million run rate by the end of December – and keep increasing as more contracted patients are onboarded. Lisa added that RQHTF is now starting to throw off significant cash flow, enabling the company to fund growth internally, without the need for capital raises in the near future. A NASDAQ uplisting remains a possibility for 2022.

Lisa explained how new patient contract growth is now “snowballing” – powered by expanded medicare and medicaid coverage and reimbursement amounts for virtual care services like RQHTF provides. RQHTF’s powerful iUGO telemedicine platform supports care coordination and community-based virtual healthcare, allows complex patients to receive high quality care at home, improving health outcomes, and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits.

Watch
Reliq Health Tech (OTC:RQHTF) (TSX.V:RHT)
NEXT SUPER STOCK Video:


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WELL Health Technologies
(TSX: WELL) (OTC: WLYYF) “The ‘Berkshire Hathaway’ of Tech-Enabled Health Care – On Track to $400 Million Revenues”

“…We regard ourselves, aspirationally, as the Berkshire Hathaway tech-enabled health care. Much like Berkshire Hathaway, our goal is to make investments in highly successful and resilient companies run by top-notch management teams that have a superior track record of delivering results. The main difference here is that Berkshire has a very wide mandate and ours is very much focused on the theme of tech-enabled healthcare, as we see this as a pivotal time, where digitization and modernization are occurring in one of the largest sectors in the world…”

“…WELL’s goals for 2021: One, is to drive organic growth across all our business units and again, using the opportunity to cross-fertilize and leverage new opportunities through the network effects brought about by our growing network. Two, continue to follow a very disciplined acquisition and capital allocation strategy. Three, increase EBITDA throughout the year. Four, increase operating cash flows through acquisitions, optimizing costs and digitizing clinical assets. And five, increasing our market share of digital health and virtual care-related products and programs.

“Our outlook remains very positive across all our business units. We continue to have approximately 9 executed LOIs signed and pending for execution. The value of these LOIs when combined with our existing deals propels us to well over $400 million in revenue and over $100 million in EBITDA. Given the strong scale, WELL continues to seriously evaluate the prospects and feasibility of a U.S. IPO in the next few months…”

WELL Health Technologies Corp. (TSX: WELL) (OTC: WLYYF) Earnings Highlights:


https://bit.ly/3604nnc

WALL STREET REPORTER

Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO’s of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com. Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer, and relevant SEC 17B disclosures here: http://bit.ly/39kkE7K

About Wall Street Reporter’s Next Super Stock conference:

Wall Street Reporter’s NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/

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General Mills Provides Business Review and Updates Fiscal 2022 Financial Outlook

General Mills Provides Business Review and Updates Fiscal 2022 Financial Outlook

MINNEAPOLIS–(BUSINESS WIRE)–
In conjunction with its participation at the 2021 Barclays Global Consumer Staples Conference, General Mills (NYSE: GIS) provided a review of its North America Retail and Pet business segments, highlighted its enterprise priorities, and updated its full-year financial outlook for fiscal 2022.

The company reiterated the three key priorities that will be critical to its success this year:

1)

Continuing to compete effectively by executing its Accelerate strategy to deliver competitive performance in an evolving operating environment.

2)

Successfully navigating the dynamic cost environment, leveraging the company’s Holistic Margin Management productivity program, Strategic Revenue Management pricing actions, and other efficiency efforts to address input cost inflation and other cost headwinds.

3)

Executing its portfolio and organization reshaping actions without disrupting the base business. The company completed the acquisition of Tyson Foods’ pet treats portfolio on July 6, 2021, and expects to complete the divestiture of its European Yoplait operations by the end of the calendar year.

General Mills updated its full-year fiscal 2022 targets, taking into consideration the evolving operating environment as well as the recent completion of its pet treats acquisition:

  • Organic net sales are now expected to be toward the higher end of the prior range of down 1 to 3 percent, primarily reflecting stronger-than-expected sales performance in the first quarter.
  • Constant-currency adjusted operating profit and constant-currency adjusted diluted EPS are each now expected to be toward the higher end of the prior ranges of down 2 to 4 percent and flat to down 2 percent, respectively, largely due to the impact of the recent pet treats acquisition, which is estimated to add approximately 2 cents to fiscal 2022 adjusted diluted EPS. The company is addressing the increasing cost environment with incremental SRM and cost efficiency actions.
  • Free cash flow conversion is still expected to be approximately 95 percent of adjusted after-tax earnings.
  • The above targets exclude the impact of the European Yoplait divestiture, which is scheduled to close by the end of the calendar year.

As part of the company’s attendance at the 2021 Barclays Global Consumer Staples Conference, Jon Nudi, Group President – North America Retail, Bethany Quam, Group President – Pet segment, and Jeff Siemon, Vice President – Investor Relations, will participate in a webcasted presentation and fireside chat today, September 8, 2021, at 7:00 a.m. Central time. In addition, General Mills plans to report results for its fiscal 2022 first quarter on Wednesday, September 22, 2021, and will webcast a question-and-answer session on those results at 8:00 a.m. Central time on that day. Interested parties can access the webcasts of the Barclays conference and the company’s discussion of its first-quarter results at www.generalmills.com/investors.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on our current expectations and assumptions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. In particular, our predictions about future net sales and earnings could be affected by a variety of factors, including: the impact of the coronavirus (COVID-19) pandemic on our business, suppliers, consumers, customers, and employees; disruptions or inefficiencies in the supply chain, including any impact of the coronavirus (COVID-19) pandemic; competitive dynamics in the consumer foods industry and the markets for our products, including new product introductions, advertising activities, pricing actions, and promotional activities of our competitors; economic conditions, including changes in inflation rates, interest rates, tax rates, or the availability of capital; product development and innovation; consumer acceptance of new products and product improvements; consumer reaction to pricing actions and changes in promotion levels; acquisitions or dispositions of businesses or assets; changes in capital structure; changes in the legal and regulatory environment, including tax legislation, labeling and advertising regulations, and litigation; impairments in the carrying value of goodwill, other intangible assets, or other long-lived assets, or changes in the useful lives of other intangible assets; changes in accounting standards and the impact of significant accounting estimates; product quality and safety issues, including recalls and product liability; changes in consumer demand for our products; effectiveness of advertising, marketing, and promotional programs; changes in consumer behavior, trends, and preferences, including weight loss trends; consumer perception of health-related issues, including obesity; consolidation in the retail environment; changes in purchasing and inventory levels of significant customers; fluctuations in the cost and availability of supply chain resources, including raw materials, packaging, energy, and transportation; effectiveness of restructuring and cost saving initiatives; volatility in the market value of derivatives used to manage price risk for certain commodities; benefit plan expenses due to changes in plan asset values and discount rates used to determine plan liabilities; failure or breach of our information technology systems; foreign economic conditions, including currency rate fluctuations; and political unrest in foreign markets and economic uncertainty due to terrorism or war. The company undertakes no obligation to publicly revise any forward-looking statement to reflect any future events or circumstances.

Our fiscal 2022 outlook for organic net sales growth, constant-currency adjusted operating profit, adjusted diluted EPS, and free cash flow are non-GAAP financial measures that exclude, or have otherwise been adjusted for, items impacting comparability, including the effect of foreign currency exchange rate fluctuations, restructuring charges and project-related costs, acquisition transaction and integration costs, acquisitions, divestitures, and mark-to-market effects. We are not able to reconcile these forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures without unreasonable efforts because we are unable to predict with a reasonable degree of certainty the actual impact of changes in foreign currency exchange rates and commodity prices or the timing or impact of acquisitions, divestitures, and restructuring actions throughout fiscal 2022. The unavailable information could have a significant impact on our fiscal 2022 GAAP financial results.

About General Mills

General Mills makes food the world loves. The company is guided by its Accelerate strategy to drive shareholder value by boldly building its brands, relentlessly innovating, unleashing its scale and being a force for good. Its portfolio of beloved brands includes household names such as Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Annie’s, Wanchai Ferry, Yoki and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2021 net sales of U.S. $18.1 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1.1 billion.

(Investors) Jeff Siemon: +1-763-764-2301

(Media) Kelsey Roemhildt: +1-763-764-6364

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS: Retail Food/Beverage Pets Consumer

MEDIA:

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Premier Inc. and 11 Leading Health Systems Invest in Exela Pharma Sciences to Secure and Support U.S.- Based Drug Supply and Manufacturing

Premier Inc. and 11 Leading Health Systems Invest in Exela Pharma Sciences to Secure and Support U.S.- Based Drug Supply and Manufacturing

  • Drug shortages have long plagued U.S. healthcare providers; COVID-19 has compounded sourcing challenges
  • New initiative will manufacture pharmaceutical products in North Carolina, primarily using APIs from the U.S. and Europe

CHARLOTTE, N.C.,–(BUSINESS WIRE)–Premier Inc. (NASDAQ: PINC), a leading technology-driven healthcare improvement company, and 11 leading health systems acquired a minority stake in Exela Holdings, Inc., the holding company of Exela® Pharma Sciences, LLC, to secure vital supply of pharmaceutical products and support domestic production.

Under the arrangement, participating Premier member health systems are expected to have uninterrupted supply of 19 pharmaceutical products, including several generic injectables that frequently appear on the U.S. Food and Drug Administration’s drug shortage list, as well as 503B pharmaceutical products made by Exela. Exela primarily sources active pharmaceutical ingredients (APIs) from the United States and Europe, and manufactures finished-dose products in its recently expanded state-of-the-art U.S. manufacturing facility in Lenoir, NC. Exela’s manufacturing capacity provides participating Premier members with a unique opportunity to bolster the supply of critical products and support domestic manufacturing infrastructure.

Pervasive drug shortages for more than a decade have led to sub-optimal patient outcomes and approximately $230 million in additional annual drug costs. COVID-19 has exacerbated pharmaceutical sourcing challenges as overseas manufacturing, export bans from large producers of APIs and demand spikes have, at times, left providers struggling to secure basic, life-saving therapies for patients.

“Leveraging Exela’s significant production capacity, this collaboration is expected to give Premier’s participating members uninterrupted access to high-quality, U.S.-made pharmaceutical products and safety stock,” said Michael J. Alkire, President and CEO of Premier. “With this investment, we are committing to support the domestic production of vital medicines for our members and the market ─ and to bring much-needed solutions to help eliminate drug shortages.”

“Both Exela’s commitment to, and track record of, addressing drug shortages as well as its experience in supplying 503B compounded products make them an ideal partner for Premier and our members,” added Andy Brailo, Chief Customer Officer at Premier. “Their ability to quickly provide vital medications can help to address moment-in-time market imbalances, including spot, regional and emergency-related shortages.”

“We are thrilled to enter into this partnership with Premier and these proactive health systems to deliver consistent supply of high-quality, U.S.-manufactured medicines at affordable prices to help combat drug shortages and supply chain issues,” said Phanesh Koneru, President and CEO of Exela.

The participating health systems signed multi-year commitments to purchase a portion of their pharmaceutical products from Exela through Premier’s group purchasing organization. Premier members participating in the initial investment include Baystate Health (Springfield, MA), Genesis Health System (Davenport, IA), Henry Ford Health System (Detroit, MI), McLaren Health Care (Grand Blanc, MI), Memorial Healthcare System (Hollywood, FL), OSF HealthCare (Peoria, IL), Riverside Health System (Newport News, VA), Saint Francis Health System (Tulsa, OK), Texas Health Resources (Arlington, TX) and Universal Health Services, Inc. (King of Prussia, PA).

Premier has been a long-time leader in addressing supply chain challenges and drug shortages. Through innovative programs such as ProvideGx, Premier and its members are incenting manufacturers to increase drug supply, invest in redundancies, enter or re-enter markets and explore new therapeutic categories for innovation.

The collaboration with Exela builds on this legacy and represents another step forward in Premier’s long-term resiliency strategy – working with members to pursue innovative relationships with U.S. companies that specialize in critical product categories. The first such investment with Prestige Ameritech is currently providing 5 million additional N95 masks per month for U.S. healthcare providers. The second partnership, with DeRoyal Industries Inc., is expected to produce more than 40 million domestically manufactured gowns annually. The third collaboration with Honeywell is expected to produce at least 750 million domestically made nitrile exam gloves in the first year alone.

The financial terms of the transaction with Exela were not disclosed. The transaction is not expected to materially impact Premier’s fiscal year 2022 financial results. McDermott Will & Emery LLP served as legal counsel to Premier. SVB Leerink served as financial advisor to Exela. Brown Rudnick LLP served as legal counsel to Exela.

Forward-Looking Statements

Matters discussed in this release that are not statements of historical or current facts, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to Premier’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside Premier’s control. More information on potential factors that could affect Premier’s financial results is included from time to time in the “Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Premier’s periodic and current filings with the SEC and available on Premier’s website at investors.premierinc.com. Forward-looking statements speak only as of the date they are made. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date.

About Exela

Exela Pharma Sciences, LLC is a fast-growing US based integrated specialty pharmaceutical company, that develops, manufactures and markets proprietary and generic sterile injectable products with the healthcare provider and patient in mind. We are passionate about alleviating or eliminating drug shortages. Exela receives awards for its supply chain commitment and dedication to creating hundreds of high value jobs in rural America. All of Exela’s development and manufacturing operations are in Lenoir, North Carolina. Please visit www.exelapharma.com to learn more.

About Premier Inc.

Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,400 U.S. hospitals and health systems and approximately 225,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premier’s blog for more information about the company.

Premier – Noah Zachary

212.901.1251

[email protected]

KEYWORDS: United States North America North Carolina

INDUSTRY KEYWORDS: Hospitals Pharmaceutical Health

MEDIA:

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Global Payments Agrees to Acquire MineralTree, a Leader in Business-to-Business (B2B) Software-Led Payments

Global Payments Agrees to Acquire MineralTree, a Leader in Business-to-Business (B2B) Software-Led Payments

B2B Sector Provides Incremental Opportunities to Accelerate Growth

ATLANTA–(BUSINESS WIRE)–
Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, today announced an agreement to purchase MineralTree, a leading provider of accounts payable automation and business-to-business (B2B) payments solutions, from an investor group led by Great Hill Partners, .406 Ventures and Eight Roads Ventures. MineralTree’s software-as-a-service (SAAS) offerings automate key procurement processes, including invoice capture, coding and approval, and enable virtual cards and integrated payments options across a variety of key vertical markets to digitize payables for thousands of customers.

In combination with Global Payments’ existing B2B payments capabilities, including leadership in commercial payments, domestic and international acquiring, payroll, data and analytics, access to non-card based rails and virtual card provisioning, MineralTree’s cloud native solutions substantially expand Global Payments’ target addressable markets and provide significant incremental avenues for growth in one of the most attractive technology markets. Global Payments also will provide unique advantages for buyers, suppliers and employers through the creation of new virtual networks, deepening its competitive moat by expanding the company’s arsenal of distinctive marketplaces and ecosystems.

“B2B reinforces each of the legs of our strategic stool, including software primacy, a leading ecommerce franchise and an unmatched presence in many of the most attractive markets worldwide,” said Jeff Sloan, Chief Executive Officer, Global Payments. “Post our merger with TSYS in 2019, we have many of the elements of a successful B2B offering. The addition of MineralTree’s digitized payables solutions enhances our B2B product suite and expands our opportunity set in one of the largest and most underpenetrated markets in software and payments. We intend to scale our combined B2B initiatives more quickly by leveraging our extensive distribution channels and leading cloud centric technologies globally.”

Under the terms of the acquisition agreement, Global Payments will acquire MineralTree for $500 million in cash. Global Payments will finance the acquisition with its existing credit facility and cash on hand. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the fourth quarter of 2021.

About Global Payments

Global Payments Inc. (NYSE: GPN) is a leading payments technology company delivering innovative software and services to our customers globally. Our technologies, services and team member expertise allow us to provide a broad range of solutions that enable our customers to operate their businesses more efficiently across a variety of channels around the world.

Headquartered in Georgia with nearly 24,000 team members worldwide, Global Payments is a Fortune 500® company and a member of the S&P 500 with worldwide reach spanning over 100 countries throughout North America, Europe, Asia Pacific and Latin America. For more information, visit www.globalpayments.com and follow Global Payments on Twitter (@globalpayinc), LinkedIn and Facebook.

About MineralTree

MineralTree provides modern, secure, easy-to-use, end-to-end Accounts Payable (AP) Automation solutions that reduce costs by more than 75%, increase visibility and control, and mitigate fraud and risk, while improving cash flow. More than 3,000 companies and financial institutions, from the mid-market to the Fortune 500, rely on MineralTree to digitize and optimize the entire AP Automation and Payment process. As a result, they are able to preserve control over the complete invoice-to-payment workflow, improve vendor relationships, maximize ROI, and transform the finance function from a cost center to a profit center.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing of and ability to complete the acquisition discussed herein, and the anticipated benefits of the acquisition, including the combined company’s plans, objectives, expectations and intentions. Forward-looking statements are subject to assumptions, risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. The factors that may adversely impact the anticipated outcomes include, among others: the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the outcome of any legal proceedings that may be instituted against the parties or others related to the merger agreement; conditions to the completion of the acquisition may not be satisfied on the anticipated schedule or at all, or the regulatory approvals required for the acquisition may not be obtained on the terms expected or on the anticipated schedule; the amount of the costs, fees, expenses and charges related to the acquisition may be different than expected; the parties’ ability to meet expectations regarding the timing, completion and accounting and tax treatments of the acquisition may be different than currently planned; business disruption during the pendency of the acquisition or thereafter making it more difficult to maintain business and operational relationships, including the possibility that our announcement of the acquisition could disrupt our or MineralTree’s relationships with customers, employees or other partners; difficulties and delays in integrating the MineralTree business or fully realizing anticipated cost savings and other benefits of the acquisition at all or within the expected time period; our and MineralTree’s ability to retain and hire key personnel; the business, economic and political conditions in the markets in which we or MineralTree operate; and other factors included in “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020, and in other documents that we file with the SEC, which are available at http://www.sec.gov. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. Any forward-looking statements speak only as of the date of this communication or as of the date they were made, and we undertake no obligation to update forward-looking statements, except as required by law.

Investor Contact:

Winnie Smith 770.829.8478

[email protected]

Media Contact:

Emily Edmonds 770.829.8755

[email protected]

KEYWORDS: United States North America Georgia

INDUSTRY KEYWORDS: Data Management Banking Technology Professional Services Security Other Technology Software Other Professional Services Networks Mobile/Wireless Finance

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PulteGroup Updates Select Guidance for Q3 and Full Year 2021

PulteGroup Updates Select Guidance for Q3 and Full Year 2021

Increased Supply Chain Disruptions and Shortages of Key Building Products Continue to Impact the Pace of Homebuilding Operations

ATLANTA–(BUSINESS WIRE)–
In advance of upcoming investor conferences, PulteGroup, Inc. (NYSE: PHM) announced today updated closing guidance for its third quarter and full year 2021. PulteGroup currently expects third quarter closings to increase approximately 8% over last year to 7,000 homes. For the full year, the Company expects closings to increase approximately 19% to 21% to between 29,250 and 29,750 homes.

“Despite the extraordinary efforts of our trade partners, the supply chain issues that have plagued the industry throughout the pandemic have increased during the second half of the year,” said Ryan Marshall, President and Chief Executive Officer of PulteGroup. “We continue to work closely with our suppliers, but shortages for a variety of building products, combined with increased production volumes across the homebuilding industry, are directly impacting our ability to get homes closed to our level of quality over the remainder of 2021. In light of these challenges, we are providing routine updates on build schedules to our backlog of homebuyers, who remain committed to close on their new homes.”

Based on the reduced closing volume and changes in the geographic and buyer mix of homes anticipated to close in the period, the Company now expects third quarter gross margin to be in the range of 26.4% to 26.6%, and SG&A of 9.9% of home sale revenues.

“Industry disruptions have also impacted the timing of community openings such that, even though we continue to limit sales pace in many communities in the face of ongoing buyer demand, our average community count for the third quarter is expected to be down approximately 15% from last year,” said Marshall. “We continue to expect community count at year end to be down 5% to 10% from last year and then gradually expand as 2022 progresses.”

PulteGroup plans to report its complete third quarter results on Tuesday, October 26, 2021.

Forward-Looking Statements

This release includes “forward-looking statements.” These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “project,” “may,” “can,” “could,” “might,” “should,” “will,” “seek,” and similar expressions identify forward-looking statements, including statements related to any potential impairment charges and the impacts or effects thereof, expected operating and performing results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.

Such risks, uncertainties and other factors include, among other things: interest rate changes and the availability of mortgage financing; competition within the industries in which we operate; the availability and cost of land and other raw materials used by us in our homebuilding operations; the impact of any changes to our strategy in responding to the cyclical nature of the industry, including any changes regarding our land positions and the levels of our land spend; the availability and cost of insurance covering risks associated with our businesses; shortages and the cost of labor; weather related slowdowns; slow growth initiatives and/or local building moratoria; governmental regulation directed at or affecting the housing market, the homebuilding industry or construction activities; uncertainty in the mortgage lending industry, including revisions to underwriting standards and repurchase requirements associated with the sale of mortgage loans; the interpretation of or changes to tax, labor and environmental laws which could have a greater impact on our effective tax rate or the value of our deferred tax assets than we anticipate; economic changes nationally or in our local markets, including inflation, deflation, changes in consumer confidence and preferences and the state of the market for homes in general; legal or regulatory proceedings or claims; our ability to generate sufficient cash flow in order to successfully implement our capital allocation priorities; required accounting changes; terrorist acts and other acts of war; the negative impact of the COVID-19 pandemic on our financial position and ability to continue our Homebuilding or Financial Services activities at normal levels or at all in impacted areas; the duration, effect and severity of the COVID-19 pandemic; the measures that governmental authorities take to address the COVID-19 pandemic which may precipitate or exacerbate one or more of the above-mentioned and/or other risks and significantly disrupt or prevent us from operating our business in the ordinary course for an extended period of time; and other factors of national, regional and global scale, including those of a political, economic, business and competitive nature. See PulteGroup’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and other public filings with the Securities and Exchange Commission (the “SEC”) for a further discussion of these and other risks and uncertainties applicable to our businesses. PulteGroup undertakes no duty to update any forward-looking statement, whether as a result of new information, future events or changes in PulteGroup’s expectations.

About PulteGroup

PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams.

For more information about PulteGroup, Inc. and PulteGroup’s brands, go to pultegroup.com; www.pulte.com; www.centex.com; www.delwebb.com; www.divosta.com; www.jwhomes.com; and www.americanwesthomes.com. Follow PulteGroup, Inc. on Twitter: @PulteGroupNews.

Investors: Jim Zeumer

(404) 978-6434

[email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Other Construction & Property Residential Building & Real Estate Construction & Property

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Frequency Therapeutics to Present at Upcoming Investor Conferences

Frequency Therapeutics to Present at Upcoming Investor Conferences

LEXINGTON, Mass.–(BUSINESS WIRE)–
Frequency Therapeutics, Inc. (Nasdaq: FREQ), a clinical-stage biotechnology company focused on harnessing the body’s innate biology to repair or reverse damage caused by a broad range of degenerative diseases, today announced that Chief Executive Officer David L. Lucchino will present at the following investor conferences:

  • H.C. Wainwright 23rd Annual Global Investment Conference: On-demand viewing will start Monday, September 13, 2021 at 7:00 a.m. ET
  • Oppenheimer Fall Healthcare Life Sciences & MedTech Summit: Wednesday, September 22, 2021 at 8:15 a.m. ET

A webcast of the presentations may be accessed on the investors section of Frequency’s website, investors.frequencytx.com. A replay of each presentation will be posted to the Frequency website following the event.

About Frequency Therapeutics

Frequency Therapeutics is a leader in the development of medicines designed to activate progenitor cells within the body to treat degenerative diseases. The Company’s progenitor cell activation (PCA) approach stimulates progenitor cells to create functional tissue with the aim of developing disease modifying therapies. The Company’s lead product candidate, FX-322, is designed to regenerate auditory hair cells to restore hearing function. FX-322 is being evaluated in multiple ongoing clinical studies in patients with sensorineural hearing loss. The Company also is evaluating additional diseases where its PCA approach could create functional tissue, including in a pre-clinical program in multiple sclerosis.

Headquartered in Lexington, Mass., Frequency has an ex-U.S. license and collaboration agreement with Astellas Pharma Inc. for FX-322, as well as additional collaboration and licensing agreements with academic and nonprofit research organizations including Massachusetts Eye and Ear, Mass General Brigham, the Massachusetts Institute of Technology, The Scripps Research Institute and Cambridge Enterprises Limited. For more information, visit www.frequencytx.com and follow Frequency on Twitter @Frequencytx.

Investor Contact:

Carlo Tanzi, Ph.D.

Kendall Investor Relations

[email protected]

617-914-0008

Media Contact:

Suzanne Day

Frequency Therapeutics

[email protected]

781-496-2211

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Health Clinical Trials General Health Research Science Biotechnology

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Aramark Announces Food and Beverage Innovations as 2021 NFL Season Kicks Off

Aramark Announces Food and Beverage Innovations as 2021 NFL Season Kicks Off

State-of-the-Art Ordering and Checkout Services to Elevate Fan Experience; New Fan Fare and Signature Cocktails Debut as a “Cheers to Being Back Together”

PHILADELPHIA–(BUSINESS WIRE)–
As fans return to stadiums across the country for the 2021 National Football League (NFL) season, Aramark (NYSE: ARMK), the award-winning food and beverage partner of 10 NFL teams, is introducing a variety of innovative service offerings, state-of-the-art ordering methods, and signature food and beverage items to enhance the game day experience.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210908005342/en/

Pretzel Fries Served at Heinz Field. (Photo: Business Wire)

Pretzel Fries Served at Heinz Field. (Photo: Business Wire)

“Aramark remains at the forefront of stadium innovation, and we’re thrilled to once again showcase our commitment to service and hospitality through an expansive roll-out of technology innovations that we have piloted, measured, and perfected in the lead-up to this season,” said Alison Birdwell, President and CEO of Aramark Sports & Entertainment. “As fans return to cheer on their favorite NFL teams, our priority is to deliver world-class amenities, high-quality and great-tasting menu options, and convenient ordering and checkout methods to give fans the elevated experience they have come to enjoy and expect from Aramark and our renowned culinary team.”

GAME DAY SERVICE INNOVATIONS

To meet consumers’ desire for variety and convenience, Aramark’s accounts are expanding the presence of contactless ordering and checkout with branded technology solutions including:

  • Checkout-Free Drink Mkts – Fans at Empower Field at Mile High (nine in-stadium locations) and NRG Stadium (one in-stadium location) can skip the checkout line with Aramark’s checkout-free smart stores, powered by Zippin. Fans simply scan the Zippin app or card payment at entry, select what they want, and walk out.
  • Self-Checkout Markets – Aramark’s tried-and-true, AI-powered self-checkout devices visually identify food and beverage items and ring them up in a single transaction, no barcodes or scanning needed.
    • Available via Mashgin at Walk Thru Bru, Drink Mkt, or Fan Favorites Express locations at Empower Field at Mile High, Arrowhead Stadium, M&T Bank Stadium, Paul Brown Stadium, and U.S. Bank Stadium.
    • Making its debut in the Sports and Entertainment world, Aramark is introducing the Caper Counter. This sleek, self-checkout device can be found in the Great Hall and in the new Drink Mkt at Heinz Field.
  • Mobile Beer Express – The newest in mobile-ordering innovation, mobile beer express locations at Paul Brown Stadium dubbed “Canopy Beer Express” allow fans to place an order for beer or water and pick it up immediately at any of the eight beer express locations. This Tapin2-enabled service is quick and convenient so fans don’t miss any of the on-field action.
  • Mobile Ordering + Pick-Up – Fans at nearly every Aramark stadium will be able to mobile order and pay via QR codes or within the team’s mobile app and pick up their items at select general concession locations.
  • Mobile Ordering + In-Seat Delivery – At Empower Field at Mile High, Paul Brown Stadium, NRG Stadium, and U.S. Bank Stadium, Aramark has reimagined in-seat service for premium ticket holders. Instead of waiting for a server to come to their seat, fans can place an order anytime via QR codes or team mobile apps and the order will be delivered directly to them.
  • Self-Order Kiosks – Arrowhead Stadium (two in-stadium locations), Empower Field at Mile High (eight in-stadium locations) and NRG Stadium (two in-stadium locations) will offer self-order kiosks. Alongside self-fill soda machines and the option to mobile order at kiosk locations, Aramark staff can focus on speed of service and food quality to provide the best fan experience.

SPECIALTY COCKTAIL PROGRAM*

It’s time to raise a glass! Aramark has created new signature cocktails for several NFL teams as part of its “Cheers to Being Back Together” campaign. Served in souvenir pints throughout the season, each of the eight specialty cocktails is named for its home team: Perch Punch (Baltimore Ravens), Honey Bear (Chicago Bears), Bengal Bite (Cincinnati Bengals), Bucking Bronco and Gunslinger (Denver Broncos), Red Zone (Kansas City Chiefs), The Kick is Good (Philadelphia Eagles), and Steel City Sack (Pittsburgh Steelers).

SIGNATURE GAME DAY FARE**

In keeping with tradition to deliver a diverse selection of game day dishes, menu highlights for this year include:

  • Buffalo Cauliflower Tacos (Heinz Field) – three tortilla shells filled with buffalo cauliflower, shredded lettuce, cheddar cheese, and cilantro lime crema.
  • Burnt End Mac and Cheese (Arrowhead Stadium) Kansas City-style, creamy mac and cheese topped with burnt ends and crispy onion rings.
  • Denver Cheesesteak (Empower Field at Mile High) – shaved sirloin, roasted green chiles, and chile con queso.
  • Falafel Pita (U.S. Bank Stadium) – fried falafel with lettuce, cucumber, and onion, served with a side of hummus and potato chips.
  • H-Town Mac and Cheese (NRG Stadium) – creamy mac and cheese topped with brisket and fresh pico de gallo.
  • Impossible Sloppy Joe (U.S. Bank Stadium) – vegan sloppy joe served with a side of potato chips.
  • Jimmy’s Famous Seafood Crab Cake (M&T Bank Stadium) rolled in an egg roll with a cream cheese blend, served over coleslaw, and topped with mango ponzu and spicy mayo.
  • John Dough Pizza Co. (Arrowhead Stadium) signature cheese, pepperoni or white base pie, a perfect balance of saucy, cheesy, and crispy with customizable self-top afterbakes.
  • Love and Honey Fried Chicken (Lincoln Financial Field) – buttermilk-fried chicken tenders, cornbread, and honey butter served with house-made sauces.
  • Pretzel Fries (Heinz Field) – cooked pretzel fries with a side of buffalo chicken dip, topped with onion, celery, tomato, and ranch dressing.
  • Tony Luke’s Roast Pork Italian (Lincoln Financial Field) – thinly slicedroast pork topped with au jus, sautéed broccoli rabe spinach, and sharp provolone on freshly baked bread.
  • Tenders, Love and Chicken Signature Chicken Sandwich (Heinz Field, First Energy Stadium, Paul Brown Stadium, Soldier Field) country-style fried chicken cutlet, thick-cut apple smoked bacon, Vermont cheddar, Roma tomatoes, leaf lettuce, house pickle, and herb remoulade on a butter toasted sesame-seed potato bun.
  • Vegan Po’ Boy (Lincoln Financial Field) crispy marinated tofu, shredded lettuce, tomatoes, spicy pickles, and creole Vegenaise on a vegan baguette.

LOCAL CHEF AND CELEBRITY PARTNERSHIPS**

Aramark partners with premier restaurateurs and top local and celebrity chefs who will be introducing new offerings at stadiums this season. Among those menu items:

  • Frank Bonanno Concepts Pork Belly Bao Buns (Empower Field at Mile High) steamed bun with pork belly, hoisin sauce, and green onions.
  • Hugo Ortega’s Taco Trio (NRG Stadium) tacos de carnitas or barbacoa with the famous Hugorita.
  • Kevin Hickey’s Chicago Street Fair Fare (Soldier Field) – assortment from the acclaimed chef at The Duck Inn and Duck Inn Dogs.
  • Todd Johns’ Plowboys BBQ Nachos (Arrowhead Stadium) – tortilla chips topped with BBQ pulled pork, cheese sauce, sour cream, and jalapenos.
  • Vick Searcy’s Sauce the City (First Energy Stadium) – favorites from the chef’s former Ohio City Galley location including the D’ETE chicken sandwich, Cleveland hot chicken sandwich, chicken tenders with signature sauces, fries, and street corn.

Aramark partners with 11 National Football League teams to provide food and beverage, retail and/or facilities services – Baltimore Ravens, Chicago Bears, Cincinnati Bengals, Cleveland Browns, Denver Broncos, Houston Texans, Kansas City Chiefs, Minnesota Vikings, Philadelphia Eagles, Pittsburgh Steelers, and Seattle Seahawks.

*The Aramark Serves You Right! Alcohol Service Policy applies to all events at Aramark Sports & Entertainment properties. Service of alcoholic beverages is limited to two beverages per person, per transaction. Customers must have valid government-issued ID to purchase alcoholic beverages.

**Photos of Aramark’s NFL menu items can be downloaded here.

About Aramark

Aramark (NYSE: ARMK) proudly serves the world’s leading educational institutions, Fortune 500 companies, world champion sports teams, prominent healthcare providers, iconic destinations and cultural attractions, and numerous municipalities in 19 countries around the world with food, facilities, and uniform services. Because our culture is rooted in service, our employees strive to do great things for each other, our partners, our communities, and our planet. Aramark has been named to DiversityInc’s “Top 50 Companies for Diversity” list, the Forbes list of “America’s Best Employers for Diversity,” the HRC’s “Best Places to Work for LGBTQ Equality” and scored 100% on the Disability Equality Index. Learn more at www.aramark.com and connect with us on Facebook, Twitter, and LinkedIn.

Sheena Weinstein

[email protected]

215.238.3919

KEYWORDS: Minnesota Pennsylvania Colorado Ohio Maryland Washington Kansas Texas Illinois Missouri United States North America

INDUSTRY KEYWORDS: Other Retail Software Wine & Spirits Internet Other Consumer Data Management Women Food/Beverage Technology Other Sports Retail Men Family Events/Concerts Consumer Online Retail Mobile/Wireless General Sports Other Entertainment Other Travel General Entertainment Football Destinations Travel Entertainment Restaurant/Bar Other Technology Sports

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Pretzel Fries Served at Heinz Field. (Photo: Business Wire)
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Gain Therapeutics, Inc. Announces Positive Topline Data in Patient-derived iPSC Study Evaluating STAR Compounds as a Treatment for Gaucher and Parkinson’s Disease

GT-02287and GT-02329 compounds display positive effects on GCase activity 
and related parameters
— 
Study results demonstrate an increase in GCase protein levels with transport to the lysosomes and decrease of glucosylceramide and α-synuclein-p129 levels 
— 
Comprehensive study results to be presented at Michael J. Fox Foundation’s upcoming Innovating from Drug Discovery to the Clinic: Novel Approaches to PD Therapeutic Development webinar 
— 
IND-initiating study planned for Q4’21

BETHESDA, Md., Sept. 08, 2021 (GLOBE NEWSWIRE) — Gain Therapeutics, Inc. (Nasdaq: GANX) (“Gain”, or the “Company”), a biotechnology company focused on identifying and optimizing allosteric binding sites never before targeted in neurodegenerative diseases and lysosomal storage disorders, today announced topline data from the Company’s study, conducted at the University of Maryland School of Medicine (UMSOM). The study, evaluating two lead Structurally Targeted Allosteric Regulators (STARs) compounds – GT-02287 and GT-02329 – for the treatment of Gaucher and GBA1 Parkinson’s Disease, demonstrated positive effects on all tested phenotypes.

Ricardo Feldman, Ph.D., Associate Professor of Microbiology and Immunology at the University of Maryland School of Medicine, stated, “Our laboratory is using human induced pluripotent stem cells (iPSC) derived from patients with GD and GBA-associated Parkinson’s disease to test the efficacy of the two lead STAR chaperones developed by Gain Therapeutics. Our studies in iPSC-derived cortical and dopaminergic neurons from neuronopathic Gaucher Disease patients show that these compounds increase the levels of GCase protein, its transport to the lysosome, and its enzymatic activity. In dopaminergic neurons, the two lead STAR chaperones also decrease the levels of α-synuclein-p129, demonstrating their potential to treat GBA1-associated Parkinson’s Disease.”

“These data are extremely exciting, as it further demonstrates the potential of GT-02287 and GT-02329 and expands the body of evidence supporting our Site-Directed Enzyme Enhancement Therapy (SEE-Tx™) drug discovery platform,” said Eric Richman, Chief Executive Officer of Gain. “We plan to fully evaluate the results of this study and present a complete data set on the upcoming
Michael J. Fox Foundation’s Innovating from Drug Discovery to the Clinic: Novel Approaches to PD Therapeutic Development webinar. In addition, we anticipate initiating IND-enabling studies for Gaucher / Parkinson’s Disease in the fourth quarter of this year.”

Gain identified the two lead STAR candidates (GT-02287 and GT-02329) through its proprietary SEE-Tx™ platform. The compounds were characterized in assays to potentially help Parkinson’s patients with GBA1 gene mutations as well as patients whose glucocerebrosidase (GCase) protein is misfolded due to ageing cellular processes. This previous work was supported through grants from The Michael J. Fox Foundation (MJFF) and the Silverstein Foundation for Parkinson’s with GBA.

Mutations in GBA1, the gene encoding the lysosomal enzyme GCase, are among the most commonly known genetic risk factors for the development of Parkinson’s Disease and related synucleinopathies. GBA1 mutations are causative for the rare autosomal storage disorder Gaucher Disease and may lead to degradation of the protein, disruptions in lysosomal targeting and diminished performance of the enzyme in the lysosome. Patients with Gaucher Disease including heterozygous carriers are at increased risk of developing Parkinson’s Disease and Dementia with Lewy Bodies.

The study conducted in collaboration with Ricardo A. Feldman, Ph.D., Associate Professor of Microbiology and Immunology at UMSOM and lead investigator, is using human induced pluripotent stem cells (iPSC) for Gaucher and Parkinson’s Disease modeling and drug discovery. Gain’s candidate molecules GT-02287 and GT-02329 have been initially assessed in this unique “disease-in-a-dish” iPSC model derived from Gaucher type 2 and 3 patient cells.

Topline data from collaboration with University of Maryland School of Medicine on GBA-associated Parkinson’s Disease in iPSC model. The two STAR compounds achieved the following results:

  • Displayed positive effects on key biological read-outs such as GCase activity, GCase protein levels, GCase transport to the lysosomes, glucosylceramide and depletion of P-alpha-synuclein: all parameters that are related to disease onset and progression
  • Increased GCase enzyme activity
  • Increased GCase protein levels and transport to the lysosome in cortical neurons
  • Decreased GluCer accumulation in cortical neurons
  • Increased GCase protein levels and transport to the lysosome in dopaminergic neurons
  • Decreased α-synuclein-p129 levels in dopaminergic neurons

“We appreciate the close collaboration with Dr. Feldman and the University of Maryland School of Medicine in this important area of research,” said Manolo Bellotto, Ph.D., General Manager at Gain. “The topline data demonstrates that our STARs compounds open a new potential approach for direct treatment of GBA1 Parkinson’s Disease by guiding misfolded forms of the GCase enzyme to their proper shape and restoring enzymatic activity. This is an exciting validation of our platform technology and a promising potential therapeutic opportunity for patients suffering from these debilitating diseases.”

The combined data from Gain Therapeutics and Dr. Feldman’s laboratory suggest that STARs bind to novel allosteric binding sites identified using Gain’s proprietary SEE-Tx™ drug discovery platform, stabilize, and restore enzymatic activity to misfolded GCase. In these studies, the restoration of GCase activity resulted in the depletion of the toxic phosphorylated and aggregated forms of α-synuclein and a reversal of the neurodegenerative process resulting in improved locomotor activity in Parkinson’s Disease model in rats. Given that STARs are small molecule therapies, they have significant advantages over the current standard of care for disorders associated with protein misfolding, including most enzyme replacement therapies and gene therapies. They can be administered as a simple oral pill and can reach organs and tissues not typically accessible through current therapeutic options, including the brain, bone and cartilage. As well, the Company believes that STARs are relatively easy and cost-effective to manufacture.

“These encouraging results show promise for this approach to correct dysfunction in the GBA1 pathway, a leading target for Parkinson’s drug development,” said Marco Baptista, PhD, MJFF Vice President of Research Programs. “We look forward to hearing more on next steps to advance these potential therapies further in testing and closer to patients whose greatest unmet need is a treatment to slow or stop disease progression.”

About Gain Therapeutics, Inc.

Gain Therapeutics, Inc. is positioned at the confluence of technology and healthcare and focused on redefining drug discovery with its SEE-Tx™ target identification platform. By identifying and optimizing allosteric binding sites that have never before been targeted, Gain is unlocking new treatment options for difficult-to-treat disorders characterized by protein misfolding. Gain was established in 2017 with the support of its founders and institutional investors. It has been awarded funding support from The Michael J. Fox Foundation for Parkinson’s Research (MJFF) and The Silverstein Foundation for Parkinson’s with GBA, as well as from the Eurostars-2 joint program with co-funding from the European Union Horizon 2020 research and Innosuisse. In July 2020, Gain Therapeutics, Inc. completed a share exchange with Gain Therapeutics, SA, a Swiss corporation, whereby GT Gain Therapeutics SA became a wholly owned subsidiary of Gain Therapeutics, Inc. For periods and at dates prior to the Corporate Reorganization, the consolidated financial statements were prepared based on the historical financial statements of GT Gain Therapeutics SA.

For more information, please visit https://www.gaintherapeutics.com

About the University of Maryland School of Medicine

Now in its third century, the University of Maryland School of Medicine was chartered in 1807 as the first public medical school in the United States. It continues today as one of the fastest growing, top-tier biomedical research enterprises in the world — with 46 academic departments, centers, institutes, and programs, and a faculty of more than 3,000 physicians, scientists, and allied health professionals, including members of the National Academy of Medicine and the National Academy of Sciences, and a distinguished two-time winner of the Albert E. Lasker Award in Medical Research. With an operating budget of more than $1.2 billion, the School of Medicine works closely in partnership with the University of Maryland Medical Center and Medical System to provide research-intensive, academic and clinically based care for nearly 2 million patients each year. The School of Medicine has nearly $600 million in extramural funding, with most of its academic departments highly ranked among all medical schools in the nation in research funding. As one of the seven professional schools that make up the University of Maryland, Baltimore campus, the School of Medicine has a total population of nearly 9,000 faculty and staff, including 2,500 student trainees, residents, and fellows. The combined School of Medicine and Medical System (“University of Maryland Medicine”) has an annual budget of over $6 billion and an economic impact of nearly $20 billion on the state and local community. The School of Medicine, which ranks as the 8th highest among public medical schools in research productivity (according to the Association of American Medical Colleges profile) is an innovator in translational medicine, with 606 active patents and 52 start-up companies. In the latest U.S. News & World Report ranking of the Best Medical Schools, published in 2021, the UM School of Medicine is ranked #9 among the 92 public medical schools in the U.S., and in the top 15 percent (#27) of all 192 public and private U.S. medical schools. The School of Medicine works locally, nationally, and globally, with research and treatment facilities in 36 countries around the world. Visit medschool.umaryland.edu. To learn more about Dr. Feldman’s research visit https://www.medschool.umaryland.edu/profiles/Feldman-Ricardo/

About The Michael J. Fox Foundation for Parkinson’s Research

As the world’s largest nonprofit funder of Parkinson’s research, The Michael J. Fox Foundation is dedicated to accelerating a cure for Parkinson’s disease and improved therapies for those living with the condition today. The Foundation pursues its goals through an aggressively funded, highly targeted research program coupled with active global engagement of scientists, Parkinson’s patients, business leaders, clinical trial participants, donors and volunteers. In addition to funding $1 billion in research to date, the Foundation has fundamentally altered the trajectory of progress toward a cure. Operating at the hub of worldwide Parkinson’s research, the Foundation forges groundbreaking collaborations with industry leaders, academic scientists and government research funders; increases the flow of participants into Parkinson’s disease clinical trials with its online tool, Fox Trial Finder; promotes Parkinson’s awareness through high-profile advocacy, events and outreach; and coordinates the grassroots involvement of thousands of Team Fox members around the world. For more information, visit us on at https://www.michaeljfox.org.

Forward-Looking Statements

Any statements in this release that are not historical facts may be considered to be “forward-looking statements.” Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties which may cause results to differ materially and adversely from the statements contained herein. Such statements include, but are not limited to, statements regarding the market opportunity for Gain’s product candidates, and the business strategies and development plans of Gain. Some of the potential risks and uncertainties that could cause actual results to differ from those expected include Gain’s ability to: make commercially available its products and technologies in a timely manner or at all; enter into strategic alliances, including arrangements for the development and distribution of its products; obtain intellectual property protection for its assets; accurately estimate and manage its expenses and cash burn and raise additional funds when necessary. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by law, Gain does not undertake any obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events.

Investor & Media Contacts:

Gain Therapeutics Investor Contact:
Daniel Ferry
LifeSci Advisors
+1 (617) 430-7576
[email protected]

Gain Therapeutics Media Contact:
Joleen Schultz
Joleen Schultz & Associates
+1 760-271-8150
[email protected]